Ed Frankl

Barcelona

European Economy Reporter at Dow Jones Newswires

European economy reporter at @DowJones/@WSJ in Barcelona

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Articles

New York State Manufacturing Activity Weakens Further - New York Fed

1 week ago | tradingview.com | Ed Frankl

New York State Manufacturing Activity Weakens Further — New York FedFactory activity in New York State contracted at a faster pace this month, as new orders and shipments weakened and inflationary pressures continued to be strong, a monthly survey of firms said. The Federal Reserve Bank of New York said Monday that its statewide manufacturing index fell to minus 16 this month from minus 9.2 in May.
ECB Shouldn't Rush Into Further Rate Cuts, Bundesbank's Nagel Says - Update

1 week ago | tradingview.com | Ed Frankl

ECB Shouldn't Rush Into Further Rate Cuts, Bundesbank's Nagel Says — UpdateThe European Central Bank shouldn't hurry into cutting rates further, given that inflation in the eurozone has reached its target level, the president of Germany's Bundesbank said Monday. "We should continue to make decisions on a meeting-by-meeting basis depending on the data and not rush into anything," Joachim Nagel said in a speech in Frankfurt.
ECB Shouldn’t Rush Into Further Rate Cuts, Bundesbank’s Nagel Says

1 week ago | wsj.com | Ed Frankl

June 16, 2025 3:58 am ET|WSJ ProThe European Central Bank shouldn’t rush into cutting rates further, given that inflation in the eurozone has reached its target level, the president of Germany’s Bundesbank said Monday. “We should continue to make decisions on a meeting-by-meeting basis depending on the data and not rush into anything,” Joachim Nagel said in a speech in Frankfurt. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.K.’s Labor Market Cools, Keeping BOE on Course for Summer Rate Cut

2 weeks ago | wsj.com | Ed Frankl

Average weekly earnings rose 5.2% in the three months to April from a year earlier, down from 5.5% in the previous periodThe U.K.’s labor market cooled in the three months to April, offering reassurance to Bank of England policymakers despite the level still being well above that required to return inflation to target any time soon. Average weekly earnings excluding bonuses rose 5.2% from a year earlier, down from 5.5% in the three months to March, the Office for National Statistics said Tuesday.
U.S. Hiring Slows Slightly Amid Economic Uncertainty - Conference Board

2 weeks ago | tradingview.com | Ed Frankl

U.S. Hiring Slows Slightly Amid Economic Uncertainty — Conference BoardHiring in the U.S. edged down in May, though the labor market stayed relatively resilient despite uncertainty arising from the Trump administration's tariff policies, according to a monthly index. The Conference Board's Employment Trends Index, or ETI, crept down to 107.49 in May from an upwardly revised 108.00 in April, the research group said Monday.
European Industry Contracts as Tariffs Pull Exports Lower

3 weeks ago | wsj.com | Ed Frankl |Joshua Kirby

German and French industrial output both contracted 1.4% on month in AprilIndustrial production in the eurozone’s two largest economies declined in the first month of President Trump’s global tariff blitz, with goods exports to the U.S. from Germany also falling sharply. German industrial output contracted 1.4% on month in April, statistics agency Destatis said Friday, a sharper fall than the 1.0% decline expected by economists polled by The Wall Street Journal.
European Industry Contracts as Tariffs Pull Exports Lower - 2nd Update

3 weeks ago | morningstar.com | Ed Frankl |Joshua Kirby

By Ed Frankl and Joshua Kirby Industrial production in Europe's two largest nations declined in the first month of President Trump's global tariff blitz, with goods exports to the U.S. from Germany also falling sharply. German industrial output contracted 1.4% on month in April, statistics agency Destatis said Friday, a sharper fall than the 1.0% decline expected by economists polled by The Wall Street Journal.
German Factory Orders Unexpectedly Climb, Overcoming Tariff Concerns

3 weeks ago | wsj.com | Ed Frankl

However it was a slowdown from the increase in March, which came as U.S. firms stockpiled goodsGerman manufacturing orders unexpectedly rose in April, confounding fears that the Trump administration’s ratcheting up of tariffs would hit demand for German goods. Factory orders climbed 0.6% on month, Germany’s statistics agency Destatis said Thursday, better than expectations of a 1.7% fall from economists polled by The Wall Street Journal. Copyright ©2025 Dow Jones & Company, Inc.
German Factory Orders Unexpectedly Climb Despite Tariff Fears

3 weeks ago | tradingview.com | Ed Frankl

German Factory Orders Unexpectedly Climb Despite Tariff FearsDEFOGerman manufacturing orders unexpectedly rose in April, confounding fears that President Trump's ratcheting up tariffs would hit demand for German goods. Factory orders climbed 0.6% on month, Germany's statistics agency Destatis said Thursday, better than expectations of a 1.7% fall from economists polled by The Wall Street Journal.
U.S. Services-Sector Activity Contracts Unexpectedly

3 weeks ago | wsj.com | Ed Frankl

Activity among U.S. services firms sank unexpectedly in May, pointing to mounting uncertainty and price pressures for businesses prompted by President Trump's tariff policies. The Institute for Supply Management said Wednesday that its purchasing managers' index for services providers fell to 49.9 in May, from 51.6 in April, in contrast to the small rise to 52.1 expected by economists polled by The Wall Street Journal. The reading below 50 points to a first contraction in activity since June 2024.